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Division Sale Acquisitions News: May 2003

Fri, 30 May 2003: New Look is to acquire the remaining 49% stake in NewMim, the French fashion retailer with 171 stores, for up to £30m....
[more: New Look is to acquire the remaining 49%...]
Fri, 30 May 2003: Carillion has sold The Expanded Piling Company, the Grimsby-based piling contractor, to Laing O'Rourke for £6.3m....
[more: Carillion has sold The Expanded Piling C...]
Thu, 29 May 2003: Cobham has reached agreement with Northrop Grumman of the US to acquire Litton Life Support, the Iowa-based manufacturer of air separation systems, fo...
[more: Cobham has reached agreement with Northr...]
Thu, 29 May 2003: Northern Foods looks likely to sell Fox's biscuit arm, following poor performance by the division. Fox's confecionery, including Glacier Min...
[more: Northern Foods looks likely to sell Fox'...]
Thu, 29 May 2003: It is rumoured that Lloyds TSB may be selling its National Bank of New Zealand subsidiary for as much as £2.4bn to Australia's ANZ bank. Th...
[more: It is rumoured that Lloyds TSB may be se...]
Wed, 28 May 2003: P&O is to sell its routes and vessels at the ports of Liverpool, Fleetwood and Dublin to Stena Line, and its recently-opened terminal at the port ...
[more: P&O is to sell its routes and vessels at...]
Wed, 28 May 2003: GUS is to sell its home shopping operations in the UK, Ireland and Sweden, as well as its Reality logistics and customer care business, to March UK fo...
[more: GUS is to sell its home shopping operati...]
Wed, 28 May 2003: Amey has sold its Amey Vectra technical and environmental consulting business to Volvere for £2m....
[more: Amey has sold its Amey Vectra technical ...]
Tue, 27 May 2003: AstraZeneca has sold Marlow Foods, the manufacturer of Quorn substitute meat products, to Montagu Private Equity for £70m....
[more: AstraZeneca has sold Marlow Foods, the m...]
Tue, 27 May 2003: Leapingsalmon has sold its four railway station kiosks in London to the Unilever Bestfoods' Rocket division, and will now seek tie-ups with non-f...
[more: Leapingsalmon has sold its four railway ...]
Tue, 27 May 2003: Hammicks has sold its legal division to John Smith & Son of Glasgow, including a subscription business and specialist bookshops in London, Manches...
[more: Hammicks has sold its legal division to ...]
Tue, 27 May 2003: After 75 years of service, Mail Rail, a miniature underground railway stretching across seven miles of the city, is being put up for sale by Royal Mai...
[more: After 75 years of service, Mail Rail, a ...]
Tue, 27 May 2003: Fashion retailer Gap is to dispose of one in ten of its stores in Britain, as part of plan to rein in costs. Retail agent Dalgleish and Churston Heard...
[more: Fashion retailer Gap is to dispose of on...]
Fri, 23 May 2003: Scottish & Southern Energy is planning to acquire Midlands Electricity from US parents Aquila and First Energy for £1.1bn....
[more: Scottish & Southern Energy is planning t...]
Fri, 23 May 2003: Medical Solutions has acquired the Welcare Pathology Laboratory from the Welcare Hospital in Dubai for up to £12m....
[more: Medical Solutions has acquired the Welca...]
Fri, 23 May 2003: Stagecoach has agreed to sell its Coach USA Transit bus operations in the US to First Transit, a subsidiary of First Group, for about £15m....
[more: Stagecoach has agreed to sell its Coach ...]
Fri, 23 May 2003: Roxboro is to sell its Weston aerospace sensors division to Esterline Technologies for £55m....
[more: Roxboro is to sell its Weston aerospace ...]
Fri, 23 May 2003: Alstom, the French engineering group, has stated that is ready to sell a majority stake in its marine division and has announced that a turnaround at ...
[more: Alstom, the French engineering group, ha...]
Fri, 23 May 2003: Powerhouse, the UK's largest independent electrical retailer, may be considering a disposal of almost a quarter of its stores. The group has sent...
[more: Powerhouse, the UK's largest independent...]
Fri, 23 May 2003: Corus, the steel producer, may consider selling its Teeside steel plant to another steelmaker or private-equity buyer in order to speed up the company...
[more: Corus, the steel producer, may consider ...]
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